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Italian lender, UniCredit has launched a joint investment venture with UK-based Anthemis Group, supporting an investment of €200 million for fintech ventures, according to a UniCredit statement.

Anthemis Group is a financial services technology venture and advisory firm, which has worked with UniCredit in a bid to help identifying and investing in up and coming fintech startups. This includes a majority of the investment stake from UniCredit’s EVO (equity venture opportunities), targeting mid-stage startups in the hopes of developing already existing fintech business or ventures – alternatively, the investment stake will also help foster early stage digitally native financial services startups.